A principal of 10000 Rs. after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year will amount is :
[A] 11320 Rs
[B] 12000 Rs.
[C] 12320 Rs.
[D] 12500 Rs

Show Answer

This question is part of UPSC Prelims Practice and Mock Tests membership programme.